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Moody’s: Merger of Sharia Banks will be Credit Positive for Islamic...

JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) (Baa2 stable, baa31), PT Bank Rakyat Indonesia Tbk (IDX: BBRI) (Baa2 stable, baa2), and PT Bank...

Indonesia’s Waskita Pay Debt US$169M After Raises Bank Loan

JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) raised a bank loans Rp2 trillion from state-owned lender, PT Bank Negara...

Moody’s Downgrades Alam Sutera’s Rating to Caa3

JAKARTA (TheInsiderStories) - Moody's Investors Service has placed on review for downgrade the Caa1 corporate family rating (CFR) of PT Alam Sutera Realty Tbk (IDX: ASRI). The agency has...

Fitch Downgrades Modernland Realty Rating on Uncured Payment Default

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesia-based property developer PT Modernland Realty Tbk' (IDX: MDLN) Long-Term Issuer Default Ratings (IDR) to 'RD' from 'C'. The downgrade...

Coronavirus Continues to Pressure Indonesian Corporates’ Liquidity

JAKARTA (TheInsiderStories) - Fitch Ratings expects signs of recovery in business activity in Indonesia in second half (2H) of 2020 following some easing of social distancing...

Fitch Downgrades Wijaya Karya Rating from BB to BB-

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesian government-owned construction company PT Wijaya Karya Tbk' (IDX: WIKA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to...

Coronavirus-led Economic Shock Hurts Demand Across Indonesia’s Property Sector

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the pandemic-led consumption shock will drive economic contraction and hurt demand across all segments of Indonesia' property sector...

Moody’s places Lippo Malls Indonesia Retail Trust’s Ratings on Review

JAKARTA (TheInsiderStories) - Moody's Investors Service has placed on review for downgrade the B1 corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT). The agency also has placed...

Weak Coal Prices, US bond Maturity Weigh BUMA’s Credit Quality

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the twin challenges of low coal prices and a size-able bond maturity continue to challenge Indonesian mining-services contractor, PT...

Fitch Downgrades Waskita Beton Rating to CCC-

JAKARTA (TheInsiderStories) - Fitch Ratings Indonesia has downgraded precast concrete producer, PT Waskita Beton Precast Tbk' (IDX: WSBP) National Long-Term Rating to 'CCC-(idn) from earlier BB...

Indonesia’s Summarecon Prepares US$89M to Repay Bonds

JAKARTA (TheInsiderStories) - Indonesian property issuer, PT Summarecon Agung Tbk (IDX: SMRA) prepared funds Rp1.8 trillion (US$89.65 million) to pay off maturing bonds in this year....

Indonesia’s Soechi Lines Rating Drops to B2 from B1

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the shipping operator issuer, PT Soechi Lines Tbk (IDX: SOCI)' corporate family rating to B2 from...

Fitch Downgrades Agung Podomoro Rating to ‘C’

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesia-based developer, PT Agung Podomoro Land Tbk' (IDX: APLN) Long-Term Issuer Default Rating (IDR) to 'C' from 'CCC-'. At the...

Fitch Downgrades Alam Sutera to ‘CCC-‘ on Heightened Refinancing Risks

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded property developer, PT Alam Sutera Realty Tbk' (IDX: ASRI) Long-Term Issuer Default Rating (IDR) to CCC- from B-. At...

Indonesian Corporates to See Earnings Fall Up to 50% on COVID-19

JAKARTA (TheInsiderStories) - Moody's Investors Service says in a new report that the credit quality of Indonesian corporates is set to deteriorate amid the coronavirus, as...

Moody’s: Subdued Outlook for Asia Pacific Corporates

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the coronavirus-triggered global recession will continue to pressure Asia Pacific non-financial companies, with negative credit trends to persist...

Utang Bengkak, EY Ragukan Bisnis Penerbangan AirAsia Berhad

JAKARTA (TheInsiderStories) - Kemampuan maskapai penerbangan berbiaya rendah AirAsia Group Berhad untuk melanjutkan bisnisnya semakin diragukan, di tengah lilitan utang dan dampak COVID-19 yang...

PEFINDO Menurunkan Rating Waskita karena Masalah Keuangan

JAKARTA (TheInsiderStories) - PT Pemeringkat Efek Indonesia (PEFINDO) menurunkan peringkat obligasi PT Waskita Karya Tbk (IDX: WSKT) yang diterbitkan pada tahun 2015, 2016, dan...

PEFINDO Lowers Waskita’s Rating due to Financial Problems

JAKARTA (TheInsiderStories) - PT Pemeringkat Efek Indonesia (PEFINDO) lowers the ratings of PT Waskita Karya Tbk (IDX: WSKT) shelf-registered Bonds I of 2015, 2016,...

Indonesia’s Modernlan Shares Suspended, Ratings Decreased

JAKARTA (TheInsiderStories) - Shares of the developer company, PT Modernland Realty Tbk (IDX: MDLN) have been suspended by Indonesia Stock Exchange, said the bourse...

Saham Moderland Disuspensi, Peringkat Diturunkan

JAKARTA (TheInsiderStories) - Terancam gagal bayar hutang, saham perusahaan pengembang, PT Modernland Realty Tbk (IDX: MDLN) disuspensi oleh PT Bursa Efek Indonesia. Bersamaan, Moody's Investors Service juga...

More Selective Government Support Reduces Credit Quality of Indonesia’s SOEs

JAKARTA (TheInsiderStories) - Support for Indonesia' state-owned enterprises (SOEs) from the Indonesian government (Baa2 stable) is likely to become more selective due to coronavirus disruptions, weighing...

Indonesia’s Jasa Marga Eyes US$143M Funds to Pay Debts

JAKARTA (TheInsiderStories) - Toll road managers, PT Jasa Marga Tbk (IDX: JSMR) eyeing up to Rp2 trillion (US$142.86 million) from bond market to pay the company'...

Indonesia’s Pelindo III Rating Stable, Pelindo II Downgraded

JAKARTA (TheInsiderStories) - Two state-owned port operator ratings is inversely proportional. Moody's Investor Services has affirmed the Baa3 issuer and senior unsecured ratings PT Pelabuhan Indonesia III (Pelindo III)...

Moody’s Downgrades Jasa Marga, Wijaya Karya Rating due to COVID-19

JAKARTA (TheInsiderStories) - Moody's Investor Service downgraded two state-owned enterprises rating due to negative impact from the COVID-19 Outbreak. The agency has downgraded the issuer and...

Moody’s Assigns Baa2 Rating to Indonesia’s PLN Drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured medium term notes (MTN) to be issued by state-owned power...

Indonesia Enters Global Bond Market Again, This Time Offers Sukuk

JAKARTA (TheInsiderStories) - Indonesian government back into the global bond market by offered US Dollar-denominated trust certificates (SUKUK), it said today (05/17). Moody's Investors Service has assigned Baa2...

Moody’s Downgrades Lippo Malls Indonesia Retail Trust to B1

JAKARTA (TheInsiderStories) - Moody's has downgraded the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) to B1 from Ba3 with outlook negative. In addition, Moody's...

Coronavirus, India’s Downgrade Push Potential “Fallen Angels” in Asia

JAKARTA (TheInsiderStories) - As of June, number of companies most at risk of losing their investment-grade ratings, potential fallen angels, in Asia, excluding Japan and...

Moody’s Affirms United Tractors Baa2 Rating, Outlook Stable

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed Indonesian coal miner, PT United Tractors Tbk (IDX: UNTR)' Baa2 issuer rating. The outlook remains stable. The...